Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...

Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The ...

Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue in 2024, the country’s presidency said in a statement December 26. Revenue ...

Egypt is experiencing a deep economic crisis. The country's foreign currency ... a primary source of foreign currency along with Suez Canal tolls and remittances from Egyptians working abroad ...

This has reduced transit through the maritime lane leading to the Suez Canal ... Since then, Egypt has sent at least two ...

In late-July 1956, three months before the Suez Crisis, British Prime Minister Anthony Eden wrote a letter to U.S. President Dwight Eisenhower. At this stage it had become clear that Egyptian ...

CAIRO, Dec 26 (Reuters) - Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday.

Minister of Foreign Affairs Badr Abdelatty revealed on Monday that Egypt has incurred losses amounting to $8 billion due to a significant drop in the Suez Canal revenues amid the ongoing Middle ...

And it failed miserably. That war, known as the Suez Crisis, is widely considered the beginning of the end of the British Empire. Egypt became the most powerful Arab country for the next 20 years ...

Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.